Abbreviated Company Accounts - SOVEREIGN MILLENNIUM INVESTMENTS LIMITED

Abbreviated Company Accounts - SOVEREIGN MILLENNIUM INVESTMENTS LIMITED

SOVEREIGN MILLENNIUM INVESTMENTS LIMITED - Company Information

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Registered Number 03558754

SOVEREIGN MILLENNIUM INVESTMENTS LIMITED

Abbreviated Accounts

31 December 2014

SOVEREIGN MILLENNIUM INVESTMENTS LIMITED Registered Number 03558754

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,325,735 2,325,735
Investments 3 149,428 149,428
2,475,163 2,475,163
Current assets
Debtors 19,199 2,680
Cash at bank and in hand 16,380 18,018
35,579 20,698
Creditors: amounts falling due within one year 4 (105,550) (102,992)
Net current assets (liabilities) (69,971) (82,294)
Total assets less current liabilities 2,405,192 2,392,869
Creditors: amounts falling due after more than one year 4 (1,762,984) (1,740,104)
Total net assets (liabilities) 642,208 652,765
Capital and reserves
Called up share capital 99 99
Revaluation reserve 528,366 528,366
Profit and loss account 113,743 124,300
Shareholders' funds 642,208 652,765
  • For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 September 2015

And signed on their behalf by:
D P Ketcher, Director

SOVEREIGN MILLENNIUM INVESTMENTS LIMITED Registered Number 03558754

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rate in order to write off the assets over their estimated useful lives:

Plant andmachinery 20% straight line

2Tangible fixed assets
£
Cost
At 1 January 2014 2,342,914
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 2,342,914
Depreciation
At 1 January 2014 17,179
Charge for the year -
On disposals -
At 31 December 2014 17,179
Net book values
At 31 December 2014 2,325,735
At 31 December 2013 2,325,735

3Fixed assets Investments
Investments are stated at cost and consist of shares in unlisted companies.

4Creditors
2014
£		 2013
£
Secured Debts 1,762,984 1,740,104
Non-instalment debts due after 5 years 1,762,984 1,740,104